RITCO's 6.00% operating margin leaves little room below the line
Interest and depreciation absorbed much of operating profit, while a 49.81% tax rate further reduced consolidated net profit to Rs 3.47 cr.
Filed 13 Aug 2026, 20:30 IST · after market close · RITCO (RITCO)
Key takeaways
- RITCO's consolidated operating margin was 6.00%, leaving operating profit at Rs 21.90 cr on revenue of Rs 365.12 cr.
- Interest of Rs 6.52 cr and depreciation of Rs 10.14 cr reduced operating profit to profit before tax of Rs 6.92 cr.
- A 49.81% tax rate cut profit after tax to Rs 3.47 cr, despite other income of Rs 1.67 cr.
Operating profit was constrained at a 6.00% margin
RITCO reported consolidated revenue of Rs 365.12 cr and operating profit of Rs 21.90 cr for Q1FY27. With no quarter-on-quarter or year-on-year comparison provided, the key read is the limited conversion of revenue into operating profit, reflected in the 6.00% margin.
Below-the-line costs absorbed most operating profit
Interest of Rs 6.52 cr and depreciation of Rs 10.14 cr together weighed heavily on operating profit of Rs 21.90 cr, leaving profit before tax at Rs 6.92 cr. Other income was Rs 1.67 cr, but it did not materially change the below-the-line outcome. The 49.81% tax rate further reduced profit after tax to Rs 3.47 cr.
Results were filed after market close, with no reaction yet
The consolidated results were filed on 13 August 2026 at 20:30 IST, after market close. There is therefore no reported stock-market response to assess against the company's past results.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹365 cr |
| Other income | ₹2 cr |
| Expenses | ₹343 cr |
| Operating profit | ₹22 cr |
| Operating margin (%) | 6.00% |
| Interest | ₹7 cr |
| Depreciation | ₹10 cr |
| Profit before tax | ₹7 cr |
| Tax | ₹3 cr |
| Net profit | ₹3 cr |
| EPS (₹) | ₹1.92 |
What to watch
- Whether consolidated operating margin moves above or below 6.00% next quarter.
- Whether interest remains close to Rs 6.52 cr as operating profit changes.
- Whether the tax rate moves away from 49.81%.